The Top Vacation Home Counties in the USA:
According to the most recent NAR Vacation Homes Report (https://cdn.nar.realtor/sites/default/files/documents/2021-vacation-home-counties-report-06-15-2021.pdf), the top 1% of vacation home counties were in 16 states. North Carolina had four vacation counties (Swain, Alleghany, Macon, Watauga); there were three each in New York (Greene, Sullivan, Hamilton), Vermont (Windham, Bennington, Windsor), Massachusetts (Dukes (Martha's Vineyard), Barnstable, Nantucket), and Michigan (Oscoda, Alcona, Clare); there were two each in Florida (Lee, Collier), Missouri (Hickory, Camden), and Maryland (Garrett, Worcester). Oklahoma, Maine, Arizona, New Jersey, Georgia, New Mexico, Delaware, and Minnesota each had one vacation home county that landed in the top 1% list.
Other notable data points in the report:
+ Homes in "Vacation Counties" sold more than 2 weeks faster than those in "non-Vacation Counties".
+ The median existing home sales price typically rose by 14.2% in vacation home counties, compared to 10.1% in non-vacation home counties.
+ Vacation home buyers are more likely to pay all-cash, and, ... 22% of all existing-home sales in January-April 2021 were cash sales.
+ More people in "Vacation Counties" worked from home when compared to "non-Vacation Counties"
There are nice pictures and graphs that help show and explain the data. You can find the report here: https://cdn.nar.realtor/sites/default/files/documents/2021-vacation-home-counties-report-06-15-2021.pdf
Remember: An active real estate professional with decades of experience can be one of your most useful and productive real estate decisions. Holly and I are active professionals with almost 30 years of experience. It's a beautiful day on Cape Cod! We're prepared when you're ready and What we know is good to know!
Heath Coker, Associate Broker